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Oil Trades Before IEA Move Draw CFTC Eye

By

Jerry A. DiColo

June 25, 2011

WASHINGTON—U.S. commodity regulators are examining suspicious trading in oil futures markets ahead of Thursday's news that countries around the world would release crude from strategic stockpiles, a person familiar with the matter said.

The fact that oil prices sank hours before the International Energy Agency announced a coordinated release of 60 million barrels of oil could indicate that some market participants got wind of the...

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